Dollar dips and oil’s drop hits NOK and CAD

(Reuters) – The dollar slipped against the yen and the euro on Tuesday after a week of gains drove the U.S. currency to its highest since 2010, while Norway’s crown and Canada’s dollar sank as world oil prices fell.

The Australian and New Zealand dollars AUD=D4 were the biggest movers, bolstered by a steady message on policy from Australia’s central bank and expectations of a strong milk auction later in the London session.

But much of the attention in the European session was focussed on the currencies most exposed to oil prices, which fell to their lowest since 2010, after a cut in Saudi prices for the United States.

The U.S. dollar rose to its strongest in more than five years against its Canadian counterpart, C$1.1390, a third of a percent higher on the day. Against the euro, the Norwegian crown fell more than 1 percent to 8.5893 per euro EURNOK=D4, its weakest since late 2009.